Yahoo 2014 Annual Report Download - page 152
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with Yahoo Properties and ad operation costs were managed locally and included as direct
costs for each segment. Such costs are now included in global operating costs. Prior period
amounts have been revised to conform to the current presentation.
(2) Global operating costs include product development, marketing, real estate workplace, general
and administrative, and other corporate expenses that are managed on a global basis and that
are not directly attributable to any particular segment. Beginning in the fourth quarter of 2014,
marketing, media, costs associated with Yahoo Properties and other ad operation costs are
managed globally and included as global costs. Prior period amounts have been revised to
conform to the current presentation.
(3) The net cost reimbursements from Microsoft pursuant to the Search Agreement are primarily
included in global operating costs.
Years Ended December 31,
2012 2013 2014
Capital expenditures, net:
Americas
$437,978 $309,215 $334,044
EMEA
27,074 11,435 20,034
Asia Pacific
40,455 17,481 18,069
Total capital expenditures, net
$505,507 $338,131 $372,147
December 31,
2013 2014
Property and equipment, net:
Americas:
U.S.
$1,346,889 $1,382,597
Other.
1,183 787
Total Americas
$1,348,072 $1,383,384
EMEA
44,976 34,649
Asia Pacific
95,470 69,651
Total property and equipment, net
$1,488,518 $1,487,684
See also Note 5—“Goodwill” and Note 15—“Restructuring Charges, Net” for additional information
regarding segments.
148